Jamie EnsorChief Political Reporter·NZ Herald·29 Sep, 2026 12:00 AM2 mins to readLabour needs house values to increase at a certain rate to fund its promises. Image/NZMELabour needs house values to increase at a certain rate to fund its promises. Image/NZMEThe Treasury has slashed forecasts for house price growth in New Zealand as a result of higher interest rates, more supply and lower migration. It could potentially create risks for the Labour Party, which needs values to rise in order for its proposed Capital Gains Tax (CGT) to fund hundreds
Election 2026: House price growth forecasts slashed significantly - is Labour’s Capital Gains Tax in danger?
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